PRODUCER PRICES (September 12, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
News
PEOPLE — GREATER LENORA (September 12, 1994)
Charles Pitcher appointed president and chief operating officer.
Gibraltar drops Mount Polley option
Having carried out a first phase of work, Gibraltar Mines (TSE) has decided not to proceed with the second phase of its option on the Mount Polley copper-gold project in central British Columbia. The …
Drill program ongoing at East Ingerbelle deposit
With the Similco copper mine back in production, Princeton Mining (TSE) is continuing a drill program aimed at increasing the tonnage and grade of the Ingerbelle East deposit, situated 4,000 ft. south…
NEWS ROUNDUP — Falco Dominicana enters agreement
Ferronickel producer Falconbridge Dominicana has signed an amending agreement with the government of the Dominican Republic reinstating the company’s tax rate of about 50%. The company is owned 85.26%…
Sherritt notes
The outstanding zero coupon convertible subordinated notes of Sherritt (TSE), due in the year 2011, were redeemed Sept. 1 by the company. The aggregate redemption price was about $65.3 million. The re…
GOLD FUNDS (September 12, 1994)
BGR Central Net Value $17.77 $6.81 Price $15.88 $7.50 Premium 10.1% Discount 10.67% Value $144,380,000 $135,744,750…
TORONTO STOCK EXCHANGE INDICES (September 12, 1994)
— 1994 — Sep 6 Sep 5 Sep 2 Sep 1 Aug 31 High Low Composite”300″ 4347.17 N/A 4344.22 4344.34 4349.50 4609.93 3518.31 Metals&Minerals 4058.75 N/A 4071.17 4066.32 4093.80 4096.72 3273.56 Integrated Min…
Accident claims two geologists
Geologists Jeffrey Deen, 36, and Mark Burnett, 21, died on the night of July 12, when their vehicle veered off a mountain road near Cerro de Pasco, Peru. Also killed was driver Pablo Villajuan Caso, 2…
Patrician completes financing
Alberta-listed Patrician Gold Mines has completed an initial public offering valued at $1.6 million. The financing consists of 1.6 million units, with each unit consisting of one common share and a co…
Cambiex to drill Cambior properties
Montreal-listed Cambiex Exploration has discovered a new gold-bearing quartz vein on the Annie Laurie property in Utah. This brings to five the number of gold-bearing veins found on the property. The …
Gundy addressing CIM luncheon
The president of Advanced Material Resources (AMR) will speak at the Sept. 14 luncheon of the Mineral Economics Society (Western section) of the Canadian Institute of Mining, Metallurgy and Petroleum….